GBPAUD Retesting Resistance with a Potential for Price ReversalGBPAUD is currently trading at 1.981, with a target price set at 2.000, indicating a potential gain of over 200 pips. The market analysis is based on the support and resistance pattern, which suggests key price levels where the pair may react. Currently, the pair is in a retesting phase, meaning it is testing the resistance level after a previous breakout or price movement. This retesting phase helps confirm whether the resistance holds or breaks. If the resistance holds, it signals a potential reversal, leading to a price drop. Traders are advised to closely monitor this retesting period for confirmation before taking positions. A rejection at the resistance level could trigger a bearish move. Patience during this period is critical to avoid premature entries. This setup reflects a potential opportunity for experienced traders following technical analysis strategies.
AUDGBP trade ideas
Mon 27th Jan 2025 GBP/AUD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/AUD Buy. Enjoy the day all. Cheers. Jim
GBPAUD Long Analysis 26/01/2025I paid attention to GBPAUD on a HTF, it looked a bit choppy before but now it looks good.
Price went down to a perfect 1D demand area and started moving up and created a CHOCH.
Now that there is a change of character, I would look for an entry at the breaker block sitting at the 0.382 fib level I drew out on a smaller timeframe. I would only take entry based on how price reacts on that area on a LTF such as the 1-5m TF.
TP would be at the supply area I drew at the HTF 0.382 level I used the 1D chart for. Price might continue going up to where imbalance remains but I'd look for the right re-entry if I look for another trade.
GBPAUD: Significant Bullish BreakoutLet’s analyze the price action of 📈GBPAUD.
The pair initially experienced a sharp downward move on the daily chart. However, momentum weakened, and the price entered a narrow horizontal range.
After a period of consolidation, the price broke above the upper boundary of the range, signaling buyer strength and a potential shift in market sentiment.
I expect the pair to potentially climb toward 1.9833 in the near future.
GBPAUD: Bears Will Push Lower
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the GBPAUD pair which is likely to be pushed down by the bears so we will sell!
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GBPAUD: Important Bullish Breakout Let's examine the price movement of 📈GBPAUD.
Initially, there was a significant downward movement on the daily chart.
Subsequently, the market lost momentum and the price began to trade within a tight horizontal range.
Following a period of consolidation, the upper boundary of the range was violated.
This indicates a show of strength from buyers and suggests a change of character.
I anticipate that the pair could potentially rise to 1.9833 in the near future.
GBP/AUD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
GBP/AUD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 2H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.966 area.
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GBPAUD A Fall Expected! SELL!
My dear subscribers,
My technical analysis for GBPAUD is below:
The price is coiling around a solid key level - 1.9685
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.9658
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
GBPAUD Short Setup📉 GBPAUD Short Setup 📉
We're anticipating a bearish move on GBPAUD, targeting 1.96378, with the deadline set for 27th January at 03:00 UTC.
Price has shown signs of rejection at higher levels, indicating potential for further downside movement. The market structure aligns with our expectations, and we're watching for momentum to push towards the target.
Key levels to watch:
🔸 Entry zone: Around current levels
🔸 Target: 1.96378
🔸 Deadline: 27th January, 03:00 UTC
Let's see how this plays out!
GBPAUDhello everyone, price is consolidating around 1.960 from day tf and below... 1.960 is currenlty the main support.. 1hr tf reached near 200ma... at this point the bearish cycle stopped... since weekly chart showing sign of bullish candle, price can likely reverse to bullish... wait for pull back cuz today price is bullish due to news...
good luck
Bullish bounce?GBP/AUD is falling towards the pivot and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 1.9486
1st Support: 1.9362
1st Resistance: 1.9722
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GBPAUD Will Go Up From Support! Long!
Take a look at our analysis for GBPAUD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.967.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2.004 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GBPAUD - Potential long !!Hello traders!
‼️ This is my perspective on GBPAUD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. We can see a rejection from LZ supported by hidden divergence on daily and regular divergence on H4.
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